White House To Nix GOP Securities Bill


(Law360)  New York (September 7, 2016, 4:14 PM ET) — The Obama administration on Tuesday said it would likely veto several bills aimed at simplifying the registration process for selling securities and cutting paperwork for private funds, as well as a bill prohibiting the government from reaching settlements that require donations to third parties.

The White House Office of Management and Budget on Tuesday issued three statements of administrative policy, saying that senior advisers would recommend President Barack Obama veto a series of laws currently pending in the U.S. House of Representatives that the administration claims…

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